Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNCZK
The long term trend has been UP since Mar 21st, 2019 at 1.198390
The intermediate term trend has been UP since May 22nd, 2019 at 1.218985
The short term trend has been DOWN since May 24th, 2019 at 1.208625
Smart Scan Analysis for MXNCZK
Based on a pre-defined weighted trend formula for chart analysis, MXNCZK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).